My guest today is Ed Seykota, a commodities trader, who earned S.B. degrees in Electrical Engineering from MIT and Management from the MIT Sloan School of Management, both in 1969. In 1970 he pioneered Systems trading by using early punched card computers to test ideas on trading the markets.
The topic is his book Govopoly in the 39th Day.
In this episode of Trend Following Radio we discuss:
- Trend Following
- Seykota's concerns about our economy
- The assimilation model and how Seykota sees assimilation happening today
- The definition of "govopoly"
- How Seykota's mentor's work plays into Seykota's work today
- Thinking about systems
- What we can do to "fix" the economy, or to at least prepare yourself
- The exponential curve that assimilation takes
- Noticing things before they're important
- Why Seykota doesn't provide a "solution" to the problem and instead advocates for the system to correct itself
- What we can do as people in response to the system
- Detroit as a microcosm of the US
- Ways to make money during the assimilation
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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